In replacing a crude turnover tax on services with a value-added tax, the government has sought to lighten the fiscal burden on services.
通过用增值税替代原始的服务营业税,政府已经力图减轻服务业的财政负担。
单词 | Turnover tax |
释义 |
Turnover tax
原声例句
经济学人-中国 (The Economist) In replacing a crude turnover tax on services with a value-added tax, the government has sought to lighten the fiscal burden on services. 通过用增值税替代原始的服务营业税,政府已经力图减轻服务业的财政负担。
英语百科
Turnover tax![]() A turnover tax is similar to VAT, with the difference that it taxes intermediate and possibly capital goods. It is an indirect tax, typically on an ad valorem basis, applicable to a production process or stage. For example, when manufacturing activity is completed, a tax may be charged on some companies. Sales tax occurs when merchandise has been sold. |
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